US Bank embarks on transformation with nCino

US Bank embarks on transformation with nCino

US Bank has partnered with nCino to transform lending experiences in the banking sector.

US Bank has announced an expanded agreement with cloud banking software provider nCino as part of efforts to transform the wholesale banking lending experience.

This development advances US Bank’s overall digital strategy and is central to its commercial lending strategy aimed at further digitizing processes, driving growth and speed to market.

Sal Maglietta, US Bank Executive Vice President, said: “Across our organization, our bankers and technology teams are working collaboratively to reshape the way we serve our wholesale banking clients. Everyone involved is guided by our commitment to increasing simplicity and agility at every step of the lending process. The expanded agreement will provide us with a proven platform that will improve outcomes for both clients and employees.”   

Commercial banking clients will benefit from improved cycle time and even fewer paper-based interactions with the new platform, which is expected to be in place for some US Bank wholesale business lines in 2022. 

The expanded agreement with nCino is part of a comprehensive US Bank initiative underway focused on improving the financing experience for clients through greater agility and simplicity. The transformation project will also improve the lending process for the bank’s employees, increasing process efficiency and providing all the tools they need to serve clients in one system. 

“nCino is committed to developing a digital-first ecosystem within US Bank that can bring a highly scalable and configurable solution for the specific needs of their commercial clients and employees,” said Josh Glover, nCino’s Chief Revenue Officer. “Leading financial institutions separate themselves from the pack by focusing on a digital strategy that can provide their clients and employees with a best-in-class experience, delivered at speed and scale. I’m proud of our journey with US Bank and all we have achieved together thus far and am very excited to further expand our relationship.”

The nCino platform allows for continuous improvements so the bank can tailor its commercial lending processes to meet client needs today and in the future. Since 2019, the bank has utilized nCino in its business banking business line. The platform has not only allowed the bank to reduce time to market significantly, but it also proved adept and agile when the bank had to create or modify processes to support clients. 

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